British Pound / U.S. Dollar
Short
Updated

GBP/USD (British Pound / U.S. Dollar)

316
GBP/USD (British Pound / U.S. Dollar) on the 1D (daily) chart .

From my chart:

The pair has broken the ascending trendline (drawn from March–July 2025).

Price is trading around 1.3440.

There are two downside “Target” zones marked.


📉 Key Targets Based on Your Chart

1. First Target Zone: Around 1.3200
→ This aligns with previous horizontal support (June 2025 lows).


2. Final Target Zone: Around 1.2800
→ This is the larger downside target if bearish momentum continues.



⚠ Notes

If GBP/USD breaks below 1.3400 and holds, bearish continuation toward 1.3200 looks probable.

A sustained move under 1.3200 could open the way to 1.2800.

However, if price reclaims 1.3550–1.3600 resistance, the bearish setup weakens.


👉 My chart clearly suggests a bearish outlook with 1.3200 (short-term) and 1.2800 (medium-term) as targets.
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